The Coinweb Monthly Spin. Seventh Edition. Hello Coinwebbers! In this edition of the Monthly Spin, we are announcing the depreciation of The Daily Spin newsletter – into a weekly version, which will begin publishing next week. So for all of those who have been following our Daily Newsletter column, whether by Reddit, Mirror.xyz, or any other channel… I would like to sincerely thank you all for the support and kind words of encouragement over the months. Barring weekends and holidays, we have managed to publish around 250 editions over the last year – and it has been my pleasure and hope that it has created much value for everyone involved. You guys know where to find me!
So April! Has been a month of steady gains in the crypto asset sector, despite a flailing macroeconomic environment and ever-concerning regulatory environment concerns in both the US and around the world. Bank failures have continued to make landfall due to interest rate shock, as FED Chair Jerome Powell takes the steepest measures to attempt to curb the largest rise in inflation of our generation, meanwhile coming up with creative solutions to keep control of the FED Balance Sheet. The EU has been under tremendous pressure from the issues that have been taking center stage; whether from government wages, retirement and pension fund management, to energy crises and corruption. But one very positive thing has come out of the EU – the approval of the MiCA regulatory framework for digital assets promises to be a beacon of standards that the rest of the world should look to follow. Conversely, SEC Chairman Gary Gensler has issued enforcement actions on every major crypto player Stateside while maintaining the lack of clarity needed to regulate the industry or have companies come into compliance – prompting an embarrassing intervention from US Congress and ongoing migration of the biggest innovators out of the jurisdiction for good. Meanwhile, the Asian central banks have been pursuing the opposite policy of expansion vs. tightening, as China DGAF and the BoJ remains geared for more growth in their financial markets and liquidity. And to sum it all up, Total Crypto Market Capitalization has been steadily growing past $1.1T dollars, BTC and ETH have hit their local highs, and the Altcoin cycle has spun around faster than a bottle at your typical unsupervised high-school party.
Two more things that must be mentioned in any newsletter format of these days: The explosion of AI into the public sphere, its ultra-fast and independent recursive iterations compounding the tech’s scope and impact faster than anything we’ve ever seen in history. And the second being its direct impact on the capital markets, private equity and venture capital allocations. The banks are really, really fucked. Been a long time coming, too. But as CZ points out, that is not a prerequisite for the success of cryptocurrencies. So without further ado, let’s get into our review of happenings for the first month of Q2!
The Monthly Spin is the newsletter dedicated to our progress as a fast-moving, exponentially-growing project that is committed to being high-touch with our community and providing value in as many ways as we can. So, every month you can find not only our progress, but also general value in the form of blockchain affairs, adoption, education, as well as a thought leadership section for your own personal exploration. You can no longer find The Daily Spin, but now The Weekly Spin, every Monday on our subreddit for curated news and opinions from the world of Blockchain, designed to keep you informed of the most trending, in-the-know, and controversial topics. We strive to keep you informed, connected, curious, inspired, and of course… clinically sane in these crazy yet exciting times that we share today.
Kawin Rungsimuntakul
Editor of The Daily Spin
Events:
Coinweb’s Monthly Event Marks 1 Year Anniversary of Organising “The Best Events in the Crypto Space” feat. KuCoin Labs, Elevate Ventures, and Gangster All-stars
https://coinweb.io/events/an-evening-with-the-bangkok-community/
Coinweb Completes Integration of 4 New Blockchains Delivering Along its Roadmap for Cross-Chain Interoperability
Coinweb has Closed $2 Million Fundraising Round from SAVA Investment Management
China:
Baidu Search "Coinweb - China Regional": 40.8k
Weibo Official Total Views March: 23.1k
Weekly Events with Blockchain Communities(Online)
Weekly One Hour Mini-AMA: 46 participants
In Process: Engage with Executives and Decision-Makers from Firms and Venture Capitals
In Process: Coinweb Chinese Official Channel (Verified)
Vietnam:
Active users 59 (3.78%) New users 41 Avg. DAU 14 Avg. daily msgs. 299 Avg. hourly msgs. 12 Messages 8983
Indonesia:
Eid-Mubarak Airdrop Quests (Crew3) 400$ CWEB (60 comments, 79 retweet, 120 likes and 4971 Viewers)
Active users 117 (4.44%) New users 98 Avg. DAU 17 Avg. daily msgs. 389 Avg. hourly msgs. 16 Messages 12074
Coinweb Protocol has 220K Unique Users
Coinweb has completed over 4.18M transactions
239M CWEB Tokens Staked
$345M Total Coinweb Stable Tokens Issued
Dev-team General Stats:
Merge requests: 181 created, 129 merged
Issues: 124 created, 106 closed
Front-end:
Explorer search functionality has been extended with ability to show detailed information about legacy CWEB transactions
Introduced claims inspector as a part of the Explorer service
Improved UI interaction with tokens and overall UX for sending/receiving/modifying virtual assets
More UI fixes and stability improvements for mobile versions of the Wallet, DeconX (cryptocurrency exchange service) and LinkMint (advanced tokenization platform)
Back-end:
Shuffler, Jump transaction and Gas Fee Abstraction logic was adjusted even further
Finished separation of genesis state for production, demo and dev environments
Math support module was refactored to better address transaction processing specifics in L2 & synchronization of distributed elements
Code-structure of Core was optimized by removing unneeded modules improved
Logic for rewards accumulation by different parts of the system implemented
Logic to handle L1/L2 resyncs more efficiently
Improved transaction signing procedure various fixes and stability improvements
@Rose assistant bot is modified to monitor leaveness/readiness of wallet operations using L1/L2 shards in different environments (development, production) and notify devs at once about any malfunctioning
Coinweb-writer smart-contract template is developed for Cosmos-alike chains
Introduced snapshotting as an additional method to back-up and transfer L2 state
Further refactoring of CI/CD pipelines to achieve better deployment sustainability and speed various optimizations for k8s resources usage
Shuffler with its elements is being optimized for performance and avoidance of racing issues
More testing to its elements is added
Availability and security of Broadcaster was additionally strengthened by proxy/intermediary adjustments
Added more integration tests for wallets (app, cstdl, broadcaster)
Liveness/readiness checks for staking elements were refactored
Introduced wallet-lib wrapper based on WebView
Added more robustness checks for cstdl-wallet and wallet for the phone app, improved their self-recovery
Token Blacklisting Service was optimized by adding more criteria to classify virtual assets
Additional ui-command vector-tests added
Extended information about fees that are returned as a result of sendCweb/sendToken cstd-wallet GraphQL API calls
FOMC Meeting, May 2-3 (Washington DC)
Web3 Weekend, May 8-13 (Jakarta)
Consumer CPI Index Print, May 10 (Washington DC)
Bitcoin Miami Conference, May 18-20 (Miami)
Non Fungible Conference, Jun 7-9 (Lisbon)
AIBC Asia, Jul 19-22 (Manila)
TOKEN2049, Sep 13-14 (Singapore)*
Blockchain Events curated by CryptoNomad
https://docs.google.com/spreadsheets/d/1KtyFTb_W282bQ1xoVA5rlTwTDz3QfhswWIVpXhpbQIc/edit
*Anticipated events that Coinweb team will attend
Tokenization of Real-World Assets 'Changes How Value Is Transferred'
https://www.coindesk.com/consensus2023/2023/04/26/tokenization-of-real-world-assets-changes-how-value-is-transferred/
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